The Government of Jersey has agreed a series of amendments to be made to the Trusts (Jersey) Law 1984. These are contained within the draft Trusts (Amendment No.7) (Jersey) Law 201- and are expected to be brought into force during 2018, subject to Privy Council approval.
Whilst recognising the importance of preserving the flexibility and reputation of the Trusts Law, Amendment No.7 makes changes which will provide clarity where appropriate and also introduce new provisions to allow Jersey trusts to develop in a competitive and international market place.
The amendments are welcomed and support Jersey's position as one of the world's leading private wealth jurisdictions.
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